2 Bed Bungalow, Refurb/BRRR, Crewe, CW1 3XQ, £160,000

Cromer Drive, Crewe, CW1 3XQ - 6 months ago

Refurb/BRRR
ROI: 3%
~54 m²
+4 photos

ValuationOvervalued

Sold Prices£98K - £190K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~53.61 m²
Price/m²£3K/m²

Value Estimate

£106,250

 

 

End Value (After Refurb)

£157,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£22,588

Bridging Loan Interest

£4,200

Total Cash In

£78,438

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,250

Mortgage (After Refinance)

£117,938

Mortgage LTV

75%

Cash Left In

£78,438

Equity

£39,313

Rent Range

£695 - £1,150

Rent Estimate

£846

Running Costs/mo

£681

Cashflow/mo

£165

Cashflow/yr

£1,985

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £98K to £190K, average is £140.8K. £1K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£160K06/230.02 mi40, Cromer Drive, Crewe, Cheshire East CW1 3XQ2
£153K11/210.05 mi12, Seaton Close, Crewe, Cheshire CW1 3XH2
£180K12/220.05 mi15, Selsey Close, Crewe, Cheshire East CW1 3XL2
£160K09/210.05 mi29, Selsey Close, Crewe, Cheshire CW1 3XL2
£140K11/210.05 mi31, Selsey Close, Crewe, Cheshire CW1 3XL2
£141K10/200.05 mi4, Selsey Close, Crewe, Cheshire East CW1 3XL2
£149.9K06/210.08 mi42, Sheringham Drive, Crewe, Cheshire East CW1 3XJ2
£122.3K10/210.08 mi41, Sheringham Drive, Crewe, Cheshire CW1 3XJ2
£116.5K12/200.08 mi59, Sheringham Drive, Crewe, Cheshire East CW1 3XJ2
£149.5K04/230.08 mi8, Sheringham Drive, Crewe, Cheshire East CW1 3XJ2
£156K02/230.09 mi18, Wareham Drive, Crewe, Cheshire East CW1 3XA2
£160.5K12/220.11 mi8, Conway Close, Crewe, Cheshire East CW1 3XN2
£133K11/200.11 mi22, Padstow Close, Crewe, Cheshire CW1 3XW2
£117.5K04/210.13 mi120, Bradfield Road, Coppenhall, Crewe, Cheshire CW1 3RD2
£160K10/210.17 mi10, Kestrel Drive, Crewe, Cheshire CW1 3RY2
£125K06/210.17 mi123, Kestrel Drive, Crewe, Cheshire CW1 3YX2
£155.5K08/210.19 mi3, Hayling Close, Crewe, Cheshire CW1 3XY2
£142.5K07/210.19 mi23, Pear Tree Avenue, Coppenhall, Crewe, Cheshire CW1 3SH2
£135K02/210.19 mi11, Parkstone Drive, Crewe, Cheshire CW1 3XP2
£100K12/200.19 mi1, Cliffe Road, Coppenhall, Crewe, Cheshire CW1 3RE2
£128K05/230.21 mi13, Holbury Close, Crewe, Cheshire East CW1 3XU2
£114K04/210.21 mi16, Holbury Close, Crewe, Cheshire CW1 3XU2
£140.5K02/230.21 mi3, Holbury Close, Crewe, Cheshire East CW1 3XU2
£155K01/230.21 mi2, Pear Tree Avenue, Crewe, Cheshire East CW1 3SH2
£160K01/230.22 mi117, Kestrel Drive, Crewe, Cheshire East CW1 3YX2
£117K05/230.24 mi25, Lingfield Drive, Crewe, Cheshire East CW1 3TD2
£102K07/210.25 mi458, Underwood Lane, Crewe, Cheshire CW1 3SG2
£98K11/200.27 mi18, Mossford Avenue, Coppenhall, Crewe, Cheshire East CW1 3RT2
£142K03/230.27 mi11, Mossford Avenue, Coppenhall, Crewe, Cheshire East CW1 3RT2
£140K11/220.31 mi123, Broughton Road, Crewe, Cheshire East CW1 4NP2
£190K08/210.32 mi20, Kempton Avenue, Coppenhall, Crewe, Cheshire CW1 3TB2
£120K07/230.32 mi125, Broughton Road, Crewe, Cheshire East CW1 4NP2
£155K12/220.32 mi12, Broughton Road, Crewe, Cheshire East CW1 4NT2
£177K09/210.33 mi103, Mclaren Street, Coppenhall, Crewe, Cheshire East CW1 3SP2
£165K08/210.33 mi119, Mclaren Street, Coppenhall, Crewe, Cheshire CW1 3SP2
£165K07/230.33 mi110, Mclaren Street, Coppenhall, Crewe, Cheshire East CW1 3SP2
£110.8K01/210.34 mi225, Bradfield Road, Coppenhall, Crewe, Cheshire East CW1 3RH2
£148K03/210.4 mi56, Becconsall Drive, Crewe, Cheshire CW1 4RU2
£130K02/210.41 mi73, Lambourn Drive, Leighton, Crewe, Cheshire CW1 4TL2
£108K01/230.41 mi21, Stoneley Avenue, Crewe, Cheshire East CW1 4NH2
£125K03/210.41 mi39, Stoneley Avenue, Crewe, Cheshire CW1 4NH2
£190K01/210.42 mi88, North Street, Crewe, Cheshire East CW1 4NL2
£135K12/220.43 mi23, Bidvale Way, Crewe, Cheshire East CW1 4NU2
£119.5K03/230.43 mi15, Bidvale Way, Crewe, Cheshire East CW1 4NU2
£104.5K06/230.43 mi18, Bidvale Way, Crewe, Cheshire East CW1 4NU2
£160K03/230.46 mi23, Aysgarth Avenue, Crewe, Cheshire East CW1 4QE2
£145K04/210.46 mi31, Mclaren Street, Coppenhall, Crewe, Cheshire CW1 3SS2
£135K06/210.47 mi3, Windsor Avenue, Crewe, Cheshire East CW1 3QT2
£125K02/230.49 mi8, Sandiway Road, Crewe, Cheshire East CW1 3QR2
£170K08/230.49 mi11, Abington Close, Crewe, Cheshire East CW1 3TL2

Local Rents

14 rents from £695/mo to £1.1K/mo, average is £810/mo.

RentDateDistanceAddressBeds 
£79506/240.15 mi-2
£77512/240.17 miKestrel Drive, Crewe2
£1,15003/250.2 mi-2
£69512/240.22 miCrewe, Cheshire, CW12
£75006/240.45 mi-2
£78504/250.45 mi-2
£85011/230.49 mi-2
£82502/250.5 mi-2
£79512/240.52 mi-2
£79512/240.52 mi-2
£85012/240.54 miWilding Drive, Crewe, Cheshire, CW12
£88511/240.6 mi-2
£88511/240.6 mi-2
£95012/240.62 mi-2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £160,000

March 12, 2025

Listed for £165,000

October 26, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Detached Bungalow +
  • Spacious Rooms Throughout +
  • Additional Lean To +
  • Family Bathroom +
  • Low Maintenance Garden +
  • Sought After Location +
  • Close to Local Amenities +
  • Solar Panels +

Discover this delightful two-bedroom bungalow that offers a fantastic opportunity for those looking to create their dream home. Nestled in a quiet, desirable neighbourhood, this property presents a spacious lounge perfect for relaxing and entertaining, bathed in natural light that enhances its inviting atmosphere.

The bungalow features two generous bedrooms, providing ample space for rest and relaxation. An additional lean-to offers versatility and extra room for your needs—be it a workspace, a cosy reading nook, or a playful children's area.

Step outside to find a low-maintenance garden, an ideal canvas for gardening enthusiasts or those who prefer a serene outdoor setting without the hassle of extensive upkeep. The outdoor space is perfect for enjoying warm summer evenings or hosting small gatherings. This property also benefits from Solar panels too.

While the property is in need of modernisation, it offers a fantastic opportunity to update and personalise every corner to suit your taste and lifestyle. With its single-storey layout and great potential for transformation, this bungalow is a rare find that promises to become a cherished home for years to come.

Don’t miss your chance to put your stamp on this lovely bungalow—schedule a viewing today and envision the possibilities!

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪